Milkiland Foods PCL (WAR:MLK) Inventory Turnover : 0.82 (As of Mar. 2021)

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What is Milkiland Foods PCL Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Milkiland Foods PCL's Cost of Goods Sold for the three months ended in Mar. 2021 was zł34.9 Mil. Milkiland Foods PCL's Average Total Inventories for the quarter that ended in Mar. 2021 was zł42.7 Mil. Milkiland Foods PCL's Inventory Turnover for the quarter that ended in Mar. 2021 was 0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Milkiland Foods PCL's Days Inventory for the three months ended in Mar. 2021 was 111.82.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Milkiland Foods PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2021 was 1.01.

Milkiland Foods PCL Inventory Turnover Historical Data

The historical data trend for Milkiland Foods PCL's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Milkiland Foods PCL Inventory Turnover Chart

Milkiland Foods PCL Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

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9.07

8.90

10.39

10.36

8.41

Milkiland Foods PCL Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21
Inventory Turnover	Get a 7-Day Free Trial															1.89	1.46	0.83	0.55	0.82

Milkiland Foods PCL Inventory Turnover Calculation

Milkiland Foods PCL's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	464.593	/ (	(49.703	+	60.768)	/	2 )
=	464.593	/	55.2355
=	8.41

Milkiland Foods PCL's Inventory Turnover for the quarter that ended in Mar. 2021 is calculated as

	Inventory Turnover (Q: Mar. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2021 )	/ (	(Total Inventories (Q: Sep. 2020 )	+	Total Inventories (Q: Mar. 2021 ))	/	count )
=	34.861	/ (	(54.096	+	31.345)	/	2 )
=	34.861	/	42.7205
=	0.82

Milkiland Foods PCL (WAR:MLK) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Milkiland Foods PCL's Days Inventory for the three months ended in Mar. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2021 )	/	Cost of Goods Sold (Q: Mar. 2021 )	*	Days in Period
	=	42.7205	/	34.861	*	365 / 4
	=	111.82

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Milkiland Foods PCL's Inventory to Revenue for the quarter that ended in Mar. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2021 )	/	Revenue (Q: Mar. 2021 )
	=	42.7205	/	42.402
	=	1.01

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Milkiland Foods PCL Inventory Turnover Related Terms

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Milkiland Foods PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Milkiland Foods PCL (WAR:MLK) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

9, Boryspilska Street, Office 303, Kyiv, UKR, 02090

Website

http://www.milkiland.nl

Milkiland Foods PCL is a Netherland-based company engaged in the production and distribution of dairy products. It is organized into three segments which include Whole Milk products, which involves the sale of milk and milk products; Cheese and Butter products, which comprises of hard, soft and processed cheese, as well as packaged butter; and Ingredients, which includes products such as skimmed milk powder, and full cream powder. Geographically, it operates in Russia, Ukraine, Poland, and the Netherlands. It generates the majority of its revenues from the Whole Milk products in Russia.

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